Puma VCT 12 PLC Disposal of stake in Tictrac Limited (0872K)
May 03 2022 - 4:39AM
UK Regulatory
TIDMPU12
RNS Number : 0872K
Puma VCT 12 PLC
03 May 2022
Puma VCT 12 plc (the "Company")
3 May 2022
Disposal of stake in Tictrac Limited
The Board of Puma VCT 12 plc is pleased to announce that Tictrac
Limited ("Tictrac") has been acquired by Dialogue Health
Technologies Inc. In 2020 the Company invested GBP2,145,000 in
Tictrac. The exit represents a 1.93x return on the Company's
investment, representing an IRR of 37.18%. The resulting cash
proceeds attributable to the Company are not materially different
from the value at which the Company currently holds its investment
in Tictrac.
Tictrac offers an advanced health and wellness app for insurance
companies and corporate clients to provide to their user bases. The
app integrates data from wearable technology, delivering it to end
users in a digestible format to drive up levels of engagement and
increase customer loyalty.
For further information please contact:
Graham Shore
Puma VCT 12 plc
020 7408 4050
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May 03, 2022 04:39 ET (08:39 GMT)
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